Chainlink (link) Price Index

Chainlink is a blockchain abstraction layer that connects smart contracts. Chainlink's decentralized oracle network allows blockchains to safely communicate with external data feeds, events, and payment mechanisms, providing complicated smart contracts with off-chain information.

Chainlink's open-source community includes data sources, node operators, smart contract developers, researchers, and security auditors. The company ensures decentralized participation for node operators and network consumers.

Chainlink's founders

Sergey Nazarov is the CEO of Chainlink Labs. He studied philosophy and business administration at New York University. His career began as a Stern Fellow. Nazarov co-founded the peer-to-peer marketplace ExistLocal in 2009.

He co-founded CryptaMail, a blockchain-based email service, in 2014. Nazarov founded SmartContract alongside Steve Ellis in 2014 to connect smart contracts to external data and bank payments. Sergey Nazarov founded Chainlink after launching SmartContract.

2010 NYU grad Steve Ellis studied computer science. After graduation, he became a Pivotal Labs software engineer. In 2014, he co-founded Secure Asset Exchange, a decentralized asset exchange accessible over the web.

Chainlink's advantages

Chainlink allows off-chain data in smart contracts. Chainlink is a data processing leader with numerous valued partners. Chainlink's off-chain data integration has caught the attention of Brave New Coin, Alpha Vantage, and Huobi. Data suppliers can sell their information to Chainlink.

By operating key data infrastructure required for blockchains' success, individuals can earn cash by becoming node operators on Chainlink. Chainlink leverages a vast collection of node operators to support decentralized Price Feed oracle networks live in production, which safeguard billions in value for major DeFi apps like Synthetix, Aave, Compound, and more.

In circulation, how many Chainlink (LINK) coins?

Chainlink announced a total and maximum supply of 1,000,000,000 LINK tokens during its September 2017 ICO. End-September 2021 supply is 453,509,553 LINK tokens, or 45% of total supply. 350 million LINK tokens were sold at $0.11 during Chainlink's ICO. This is over 200X the ICO price of Chainlink.

Mid-2019 through mid-2020 was a chainlink bull run. Chainlink bulls were dubbed "LINK Marines" by the crypto community. Chainlink pricing reached $52.88 on May 9, 2021, thanks to a crypto market rise and ecosystem advances.

According to the ICO paperwork, node operators would receive 35% of the total token supply. The public sold 35% of LINK tokens. The remaining 30% of the token supply was used to construct the Chainlink ecosystem and network.

How Is Chainlink Secured?

Proof-of-stake (PoS) secures Chainlink, an Ethereum-based ERC-20 currency. Unlike Bitocin's PoW consensus, PoS uses staked tokens to select node validators.

PoS protocols were devised to combat PoW's power usage. PoS models are popular because they use less power and are scalable. Ether and all other ERC-20 currencies have grown fast in recent years, proving that PoW is a reliable consensus process.

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